Advertisement
SKIP ADVERTISEMENT
Supported by
SKIP ADVERTISEMENT
Flush With Investment, New U.S. Factories Face a Familiar Challenge
Worries are growing in Washington that a flood of Chinese products could put new American investments in clean energy and high-tech factories at risk.
Share full article
Read in app
A solar panel factory in Perrysburg, Ohio. Some Biden administration officials are concerned that a flood of Chinese imports could threaten the survival of U.S. factories. Credit...Daniel Lozada for The New York Times
By Ana Swanson and Jim Tankersley
Ana Swanson and Jim Tankersley are economics reporters in Washington who are closely tracking the impact of Biden’s industrial policies.
Jan. 15, 2024
阅读简体中文版 阅读繁体中文版
The Biden administration has begun pumping more than $2 trillion into U.S. factories and infrastructure, investing huge sums to try to strengthen American industry and fight climate change.
But the effort is facing a familiar threat: a surge of low-priced products from China. That is drawing the attention of President Biden and his aides, who are considering new protectionist measures to make sure American industry can compete against Beijing.
As U.S. factories spin up to produce electric vehicles, semiconductors and solar panels, China is flooding the market with similar goods, often at significantly lower prices than American competitors. A similar influx is also hitting the European market.
Subscribe to The Times to read as many articles as you like.
Ana Swanson covers trade and international economics for The Times and is based in Washington. She has been a journalist for more than a decade. More about Ana Swanson
Jim Tankersley writes about economic policy at the White House and how it affects the country and the world. He has covered the topic for more than a dozen years in Washington, with a focus on the middle class. More about Jim Tankersley
Share full article
Read in app
Advertisement
SKIP ADVERTISEMENT